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67 WALL STREET, New York - July 11, 2013 - The Wall Street Transcript has just published its 2013 Oil & Gas Review. This special feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Master Limited Partnerships Distribution Growth

Companies include: Breitburn Energy Partners LP (BBEP)

In the following excerpt from the Oil & Gas Review 2013 Report, Halbert S. Washburn, CEO and a Director at BreitBurn Energy Partners describes his strategic vision for his company:

TWST: Would you begin with a brief historical sketch of the company and a picture of the things you are doing now?

Mr. Washburn: BreitBurn has been in business for 25 years. We started the company in 1988, and my partner, Randy Breitenbach, retired at beginning of this year. We were classmates at Stanford, studied petroleum engineering, and after a few years working in the industry, decided to start an E&P company. Our focus at that time is really the focus that we still employ today.

We look to buy interests in large oil and gas fields and to increase production, reserves and cash flow value by operating more efficiently and by applying new technologies and better reservoir understanding. We've done it well for a long time. We've built a team that has a lot of experience in the basins where we operate.

We went public as an MLP in October 2006 for a number of reasons. First, we had looked at the MLP structure and what had been going on up in Canada with royalty trusts, which were very similar in structure to the U.S. MLPs. We thought that the properties we had historically purchased and operated would be great in that structure because they generated a very dependable cash flow stream. We had historically hedged a great deal of production, so we knew we had a lot of visibility into what we would be able to generate. We thought it would be a good structure in the U.S. We watched LINN when they went public, and ended up going public several months after LINN, basically at the same time as EVEP, within a few days. So we were the second and third upstream MLPs of the new era, beginning in October 2006. A few followed in 2007 and 2008, and there have been several more that went public over the last year and a half or so.

We believe the MLP structure works great for our business. We look to buy properties with low terminal decline, but with a lot of oil in place so that we can continue to develop the properties, continue to hold production flat or, ideally, with one or two points growth from organic development. But really, it's about properties that have a dependable cash flow stream.We think there is a strong demand for..

For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.